Commercial Lines – Page 103
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NewsHyperion reports 20% profit rise and 7% organic growth for 2014
Broking group’s revenues increased by 19% to £199m
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NewsMGA reveals insurer plans for former Towergate run-off firm Folgate
New owner APC Underwriting says Folgate will underwrite niche commercial and liability products
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NewsNexus wins backing from Amlin and Beazley
Speciality MGA’s underwriting capacity increases to £109m
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NewsCheesegrater loses third bolt
Investigation reveals fractured steel bolt had been caught by safety netting
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NewsQBE takes Canopius claims head Mike East
Canopius promotes deputy claims head Fiona Sperry to replace him
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NewsHiscox agrees MGA purchase from R&Q
R&Q says disposal of the two high-net-worth agencies does not signal strategic shift
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NewsEx-Gallagher international broking boss Hastings-Bass named as BMS chair
John Hastings-Bass will also chair the BMS Risk and Compliance committee
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NewsMitsui at Lloyd’s underwriting director departs after three years
Martin Hudson’s responsibilities to be assumed by Lloyd’s insurer’s underwriting team
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NewsDUAL targets regional brokers with fourth development manager hire
Hiring regional development managers and underwriters is key to UK expansion plans
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NewsXL to pay £2.79bn for Catlin as companies agree merger terms
Stephen Catlin (pictured) to become executive deputy chairman of combined company
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NewsLloyd’s promotes Philip Godwin to head of claims
Former senior claims manager replaces David Lang
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Online onlyInsurers will pay compensation for victims of downed AirAsia flight
Insurer liability was initially in doubt because of airline’s lack of a flight permit for route
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NewsLloyd’s start-up Acappella launches
Company to operate an MGA and fund management company, and has plans for a Lloyd’s managing agency
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NewsLloyd’s insurer ProSight signs capacity deals worth £20m
Insurer to underwrite Corgi HomePlan products and back Oliva’s new scheme for UK builders
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Online onlyDownward pressure on reinsurance rates continues – Willis Re
Alternative capital and low levels of losses to blame
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NewsPeter Cullum-backed consolidator funds Plum Underwriting MBO
Specialist household MGA will use investment to fund expansion
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Online onlySpike in motor rates boosts Fitch outlook for UK insurers
Company market outlook improves but London market remains gloomy
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NewsJLT hired as broker for £1bn tidal lagoon
Tidal Lagoon Swansea Bay to generate renewable electricity for 155,000 homes
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